Today's Newspaper

RBI keeps key rates unchanged, raises inflation forecast slightly

| | New Delhi

Citing worries over the rising trajectory of inflation in the coming days, Reserve Bank of India (RBI) on Wednesday left its key policy rates unchanged on Wednesday. The central bank raised the inflation projection to 4.7 per cent at the upper end by March, while retaining growth estimates at 6.7 per cent for the current fiscal.

The 6-member Monetary Policy Committee in a 5:1 vote chose status quo on rates

in an effort to keep retail inflation within the target of 4 per cent plus or minus 200 bps, while supporting the country’s growth.

The RBI has increased its inflation projection by 10 basis points to 4.3-4.7 per cent in the second and the fourth quarters, from 4.2-4.6 per cent estimated in the October review.




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N Korea blames US for tensions in rare UN talks

10 Dec 2017 | AFP | Seoul

North Korea blamed US "nuclear blackmail" for soaring tensions over its weapons programme in rare meetings with a senior UN official, but agreed to regular communication with the organisation, state media said today. Jeffrey Feltman arrived in Beijing today after wrapping up a five-day visit to Pyongyang aimed at defusing the crisis, just a week after North Korea said it test-fired a new ballistic missile capable of reaching the United States...

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Cong to hold yatra against Govt policy

13 Dec 2017 | PNS | Ranchi

The Congress will organise a yatra covering all the 11 districts where the party feels that the employment rights of the locals have been compromised with. The protest is also against the said promise reportedly made by Chief Minister Raghubar Das to amend the decision allowing outsiders into Government jobs in certain part of the State...

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